Supreme Court Backs Trump, Vitamin Purchasers in China Clash

Bloomberg.com | 6/14/2018 | Greg Stohr
Click For Photo: https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iYAD6V94F1iA/v0/1200x800.jpg

The U.S. Supreme Court revived the possibility of a $148 million price-fixing award in favor of vitamin purchasers, agreeing with the Trump administration in a clash against the Chinese government.

Ruling unanimously against the Chinese vitamin makers targeted by the suit, the justices said U.S. courts aren’t bound by China’s assertion that the companies were following that country’s laws. The ruling reversed a federal appeals court decision that had thrown out the award.

President - Donald - Trump - Administration - Case

President Donald Trump’s administration helped make the case for the purchasers during the April argument session, while China’s Ministry of Commerce backed that country’s companies. The showdown came as the two countries were threatening to slap tariffs on each other.

The fight stemmed from a 2005 lawsuit filed by two U.S. vitamin C purchasers, Animal Science Products Inc. and Ranis Co. They claim North China Pharmaceutical Group Corp. and its manufacturing unit, Hebei Welcome Pharmaceutical Co., were...
(Excerpt) Read more at: Bloomberg.com
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!